Home Equity Line of Credit
You’ve worked hard to own your home.
Now let your home work hard for you with a SimplyBank Home Equity Line of Credit
What is a Home Equity Line of Credit [HELOC]?
HELOC is short for Home Equity Line of Credit, a variable-interest line of credit available to most homeowners and tied to your home’s value.
HELOCs are a great way to consolidate debt, make needed purchases and make home repairs by borrowing against the equity^ in your home. Variable APR as low as 3.50 percent available for qualified borrowers*.
How does it work?
If you’re a homeowner, simply contact your SimplyBank lender and ask about our HELOC. We’ll ask about your plans and work to build a custom plan for your need — whether it’s installing a new swimming pool, upgrading to a family-friendly four-door or paying off your student loan debt.
With the value of your home backing you, approach your project with low-interest cash and HELOC it.
Want to learn more? Let’s talk.
Our lending team is standing by to talk with you. Fill out the form below and our team will reach out quickly.
*3.50 percent Variable Annual Percentage Rate (APR) based on a $100,000 loan with minimum 725 credit score. Variable APR is based on The Wall Street Journal Prime Rate (“Prime”) plus a margin determined by your credit history, and will vary with Prime. APR will not exceed 18% or go below Prime at any time during the term of your account. Prime may change at any time and is subject to change without notice. Loan fees apply. Maximum loan fee is $500. See bank for complete details. ^Equity is the difference in a home’s fair market value and sum of liens owed against the home. **Introductory 1.89% APR available to qualified borrowers on new lines of credit only. Introductory 1.89% APR will be applied to the first nine billing cycles following closing of Home Equity Line of Credit at SimplyBank.